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Voicing concern over uncontrolled imports of natural rubber, stakeholders in the sector suggested an institutionalised mechanism to regulate such shipments into the country to protect domestic farmers. This is important as nearly 30 per cent of the productive areas are left untapped due to viability issues, they said.
In its feedback on the draft National Rubber Policy, the Association of Planters of Kerala (APK) said that the policy is silent on unabated import of natural rubber and at times with an intention to depress the domestic price.
The Planters’ body is batting for a minimum support price for NR based on grading, which would go a long way in supporting growers. Citing the guidelines given by the MS Swaminathan Commission in this regard, the planters’ body said this could be adopted to determine the minimum support price.
APK also suggested looking into institutionalising a permanent mechanism to determine the Minimum Support Price for NR by giving due consideration to the cost of production, domestic supply and demand and international prices.
“What is important in the draft national rubber policy is the intention to help rubber growers who are in distress. Unfortunately that intention is missing here,” said PC Cyriac, President of the Indian Farmers Movement (Infam).
‘Decisions needed now’
According to him, the policy is only made up of recommendations, which have to be discussed in detail by various ministries before any decision can be taken. For instance, decisions such as imposing higher import duty or declaring rubber as an agricultural product can be taken only after detailed discussions in the ministries of Agriculture, Commerce, Industry and Finance.
“If the intention of the government is to levy higher import duty on rubber, they can do it straight away by invoking the provisions of the WTO agreement to levy safeguard duty,” he added.
According to growers, the shift to block rubber processing from the current system of Ribbed Smoked Sheet (RSS) would only deprive farmers of higher farm-gate prices. The process of manufacturing block rubber involves high-energy utilisation and also produces large quantities of effluence and pollutants.
Therefore all stakeholders including growers, traders, scientists, environmentalists should be taken into confidence before shifting from sheet rubber processing to block rubber processing, the planters said.
They noted that small and marginal rubber growers have already shown signs of shifting away from rubber cultivation to other lucrative vocations. Hence the policy framework should envisage stabilising the financial viability of existing plantations.
They also felt that rubber should be considered as an agricultural crop and system supports extended to farmers of other crops should be made available to rubber growers irrespective of the size of their holdings.


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$23 Million Planned to Expand and Modernize Aluminum Extrusion Operation
GEORGETOWN, MA, April 18, 2022 /24-7PressRelease/ — Momentum Manufacturing Group, a strategic metal manufacturing partner, announced the completion of phase one of capacity expansion at its NH-based aluminum extrusion division, Vitex Extrusion. The initial $13.5 million investment centered on the installation of a 2,920-ton, 8-inch extrusion line made by Italy-based Presezzi Extrusion Group. The new extrusion line provides fully automated operation and will double annual output to 55 million pounds of custom aluminum profiles.
Construction is currently underway for phase two of the extrusion capacity expansion project, which will extend in-line automation to include rack movement, post extrusion aging and packaging, and add 35,000 square feet of manufacturing space.
“We’re excited to begin production on the new extrusion line,” said Andrew Curland, president of Vitex Extrusion. “Demand for custom extruded profiles from new and existing customers has surged since the pandemic and the new line will help us address this demand.”
The $23 million total investment to expand and modernize its aluminum extrusion business is a key component of Momentum’s growth strategy to increase the use of automation and state-of-art technologies in all its metal manufacturing locations. Currently, the company operates nine facilities with 24/7 lights-out operations across Massachusetts, New Hampshire, and Vermont.
“The new extrusion line is an important part of our plan to expand capabilities to support new and existing customers,” said Jim Moroney, CEO of Momentum Manufacturing Group. “As many industries see demand for their products surge, new technologies and automation help us deliver the efficiencies and shorter turnaround times manufacturers need to meet demand.”
About Momentum Manufacturing Group
Momentum Manufacturing Group is a leading U.S.-based strategic metal manufacturing partner to OEMs and product manufacturers across a variety of industries including robotics, electronics, fitness, medical, defense, transportation, and food service. The company provides Design for Manufacturing support, metal fabrication, precision machining, aluminum extrusion, powder coating, and assembly services, and maintains an extensive manufacturing infrastructure in nine facilities across Massachusetts, New Hampshire, and Vermont. For more information, visit www.mmg1982.com.
For the original version of this press release, please visit 24-7PressRelease.com here

domain: news


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I’m loving it: KFC unveils Fried Chicken Bouquets for Valentines
The American fast-food chain claims its new fried chicken bouquet smells and tastes better than any bottle of perfume or bunch of flowers.
KFC have 20 of the bouquets to give away to lucky KFC lovers on February 14. Facebook fans of the chain can enter to win two of the bouquets online, to pick up at the restaurant on Quay St, Auckland, New Zealand.
The other 18 will be hand-delivered to "known KFC-lovers", according to a spokesperson.
It's not the first time the fast food chain has come up with a novel gift idea. Last year KFC released a limited-edition chicken candle and chicken-flavored edible nail polish.
Also, last week, the fast food giant came up with a mashup – ‘Chizza’.
The ‘chizza’ is a combination of pizza and fried chicken, with fried chicken as the crust.
“All chicken, no crust” as KFC describes it, the chizza is “100% chicken fillet marinated, perfectly seasoned and cooked to a glorious gold, then layered with delicious pizza toppings such as pizza sauce, chicken ham, pineapple chunks, mozzarella and topped with signature KFC cheese sauce.”
This new item is exclusive to Singapore.
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At Fortune’s Brainstorm Green conference on Tuesday, Apple VP of Environmental Initiatives Lisa Jackson went in-depth on the company’s multiple green projects and fielded questions, including one regarding the industry-wide problem of reducing a firm’s carbon footprint while growing as a business.
Flagship Apple Store at Hong Kong’s International Finance Centre. | Source: AppleInsider staff photo
As seen in a video of the talk, made available as part of Fortune’s Brainstorm Green 2014, Jackson was asked by her counterpart at Patagonia, Rick Ridgeway, to offer thoughts on how Apple’s incremental advances in carbon footprint on a per-product basis are being overshadowed by an overall rise as a company.
Specifically, Ridgeway noted Apple’s success in reducing the carbon footprint of its Mac business by 27 percent over the past eight years. That figure, and improvements in other products, is displaced when compared to the growth of the company’s overall carbon footprint over the same time period.
The question is one that many successful companies in a wide variety of industries deal with as their business grows and more products sell. It’s something Ridgeway and his team at Patagonia, which is dealing with the same issue, refers to as «the elephant in the room.»
«Listen, if all of us sustainability professionals have to resort to ‘make and sell less stuff’ as the answer to the problem, then we are suffering from an extraordinary lack of imagination. And innovation,» Jackson said. «One of the things that your company — certainly I think Apple — is about is trying to understand where the technology innovations and other innovations are that help us to reduce carbon intensity. We’re not advocating for less people to have access to our products. That’s not the answer we’re looking for. What we’re looking for is understanding the whole puzzle.»
The former EPA chief went on to say that Apple is building alternative ways to deal with its overall carbon footprint, like a recycling program that collects «well over 80 percent» of product amount by weight that the company put out seven years ago. Jackson pointed out that the size of Apple’s products has decreased over successive generations, suggesting a good incoming mix.
Jackson also went over Apple’s ongoing clean energy initiatives, which include an expansion of renewable energy from data centers to retail stores. Green energy in retail was among the many programs and environmental impact issues detailed in Apple’s wide-reaching eco-friendly campaign that debuted on Earth Day in April.
Currently, 100 percent of Apple’s data centers are run off renewable energy sources, as are 94 percent of its corporate structures. Jackson said the company is now shooting for 100 percent green energy in retail, but did not elaborate on the topic.
Source / Fuente: appleinsider.com
Author / Autor: appleinsider.com
Date / Fecha: 21/05/14
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may be the unshortable inventory.
Shares within the Texas-based videogame retailer dropped by greater than 10% on the open Monday after the corporate introduced it has the choice to promote as much as 3.5 million shares of its frequent inventory within the close to future. However as has been the case with the OG meme inventory, GameStop’s legion of devoted followers on social media and no-fee buying and selling platforms began shopping for as the value fell, pushing shares briefly into the inexperienced at noon earlier than closing the day down simply 2.4%.
Learn: Reddit buying and selling guru Keith Gill appears to have remodeled $25 million on his GameStop guess
The corporate’s choice to make use of new fairness to boost capital was an anticipated one, however the risk that GameStop shares could be diluted — after buying and selling for weeks effectively above Wall Avenue analysts’ estimates — performed into the thesis of institutional buyers who’ve been shorting the inventory, creating the philosophical struggle between hedge funds and retail merchants that has gripped the marketplace for months.
See: Will particular person buyers stick round after pandemic’s ‘mind-blowing’ inventory buying and selling surge?
On Monday, retail merchants took to Reddit to reward GameStop’s latest transfer whilst its inventory value plummeted, keying in on the truth that GameStop’s submitting consists of language that it’s going to halt any new inventory providing if it raises $1 billion.
Already primed to push the inventory again as much as January’s nosebleed excessive of practically $350 a share, Redditors jumped on a brand new technique to have their cake and eat it too, with none inventory dilution.
“3.5 million shares, with a tough cap of $1 billion complete inflow in capital,” posited one consumer on Reddit board r/Superstonk. “That means if the value is pushed above $285.714/share, then fewer than 3.5 million new shares are launched.”
“GameStop goes to revenue off of grasping hedge funds,” posted one other.
Shares in GameStop shot up 16% over two hours of buying and selling as this new technique took maintain, with some customers posting that the shorting of the early morning merely provided them a reduction on the inventory.
One Wall Avenue analyst agreed.
“It’s the definition of madness,” stated Wedbush’s Michael Pachter. “The shorts maintain doing the identical factor time and again and anticipating a distinct end result, and now the [Reddit] guys get it. They’re saying ‘So long as you’ll maintain protecting, we’ll maintain shopping for.’”
Pachter now sees GameStop because the existential battleground between the retail guys and the Avenue.
“When the shorts abandon this, it’s going to begin buying and selling on fundamentals,” Pachter stated of GameStop. “The perfect-in-class working retailers make 5% working revenue, which goes to be very exhausting for GameStop to get to, but when they even simply elevate $700 million in a single small providing, their worth has already gone up.”
The retail crowd seems to agree.
“I imply, we will simply *purchase* the three.5 million shares earlier than the hedge funds come up with them,” posted one Reddit consumer on Monday.


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Australian craft beer retailer Beer Cartel is hoping to raise up to $1.5 million through an equity crowd fund it says will be used to finance their next stage of growth.
Beer Cartel are seeking investors via the online equity crowd funding platform Birchal with the expression of interest phase due to expire on June 15. When the actual investment stage kicks off shares in the company will start at $100 in value.
The Birchal listing states Beer Cartel had a turnover of $4 million for the 2020 calendar year and have been growing 25 per cent on average year-on-year. In a statement the retailer said they had recorded a sales jump of 75 per cent over the past 12 months.
In the crowd fund’s “mission and objectives” section, Beer Cartel said: “(Our) mission is to make craft beer more accessible to Australians, becoming the number one choice for those looking to get great beer delivered to their door. Beer Cartel is already well known amongst those buying beer online, but we don’t want to stop there. We know we’ve got a great range and offer great service. We’re now looking to reach an even broader audience, achieving this through enhancements to our website, logistics and marketing. Alongside this we want to develop a unique purchasing model where you can get great beer at a great price”.
Beer Cartel co-founder Richard Kelsey (pictured above, right) said in the statement: “Our 100,000 loyal customers and 12 years of successful online retailing proves we mean business. As a part owner of the country’s biggest craft beer bottle shop not only will you be able to share in our success – you’ll also be given excellent perks. Imagine having personal access to an Aladdin’s Cave of craft beers from all over the world, at special investor prices.”
The statement went on to say that the retailer’s “advantage over competitors in the market is their intimate relationships with craft breweries around the world. Every week, Beer Cartel has 1,000 options to choose from and 20-30 new beers being added, with many exclusive to its website and Sydney store”.
Co-founder Geoff Huens (pictured above, left) said they had doubled their staff during the COVID period, from 13 employees to 26.
“We took great satisfaction from employing a lot of hospitality workers who lost their job during COVID,” he said. “It was also very satisfying to support craft breweries that were taking a massive financial hit because so many hospitality venues were closed or had severe capacity limits put in place. Our success had a flow on effect to many families and small businesses around Australia.”
The announcement of Beer Cartel’s crowd fund follows a number of Australasian craft breweries taking the same step.
Most recently, Sydney’s Batch Brewing broke several crowd funding records with their successful $1.5 million raise that closed at the start of April while investors in New Zealand’s Behemoth Brewing raised NZ$1.8 million in under 20 minutes in late 2020.


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Reimagine GIFT City as a digital super-stack for global services4 min read 21 Apr 2021, 12:56 AM IST
What was conceived as a physical centre to offer the world financial services should be turned into a hub for e-transactions
In 2007, the Gujrat government set up an International Financial Service Centre (IFSC) at Gujarat International Fin-Tec City (GIFT City) to be developed as a centre for global finance. In the last six-odd years, the city has seen slow progress. It is time to reinvent GIFT City, not only as a physical location for global finance, but as a digital destination for global financial transactions.


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In decades past, Cambodia main tourist demographic was young Western backpackers travelling on a shoestring budget. Of course, budget hostels can still be found across the country. Yet, a new level of accomodation is sweeping across the nation.
According to data from the Ministry of Tourism, Cambodia welcomed over six million international tourists last year. That marked an increase of 11% over the previous year. What’s more, the government projects similar growth by the end of 2019. But who are these new tourists?
The biggest group is made up of those coming from China. They accounted for nearly two million last year, in fact. Earlier this year the minister of tourism claimed that figure would hit three million by the end of this year.
Seakcheang Leng, marketing manager for Phnom Penh’s Lumiere Hotel, said that there has been a shift in recent years towards more visitors from Asia rather than Western nations.
“In addition, we see that new arrivals tend to be more inclined to try new hotel properties as they favor new rooms equipped with new furniture and fittings.”
Lumiere Hotel, which has been operating in the capital since 2017, is one of the establishments offering accommodations in this higher price point. Rooms there run for between $100 and $150 a night. The hotel boasts amenities such as rooftop jacuzzi, pool and meeting rooms.
Leng added that Lumiere’s customers are drawn by its modern designs.
“The trend is that millennials are now becoming the primary consumer markets and these travellers are really technology-savvy.”
Power of Phnom Penh
Despite Siem Reap’s status as the tourist capital of Cambodia, industry experts say that Phnom Penh has the most potential for this expansion into higher segments of the market.
Chenda Suos, secretary-general of Cambodian Valuers and Estate Agents Association, said that in addition to holiday tourists, Phnom Penh also draws business travellers, short-term NGO workers, domestic tourists and many other key demographics.
“The hotel market in Phnom Penh hasn’t neared oversupply yet … the city will continue its expansion toward the suburbs which will lead more accommodation,” he said.
However, many still note the need for increased human capital, skills training and education in the hospitality sector.
Peng Ponna, assistant dean and lecturer of faculty of Tourism and Hospitality of Pannasastra University of Cambodia, said that hotel sector in Phnom Penh is still more affordable than comparable rooms in other Southeast Asian countries. Yet businesses should aim to boost soft skills of their employees.
“The hotel sector is providing a lot of jobs for Cambodian people … as the market becomes more competitive hotels will need to provide better services in order to stand out,” Ponna said.
Leng from Lumiere concurred, adding that the market was changing. She said that boosting soft skills goes hand-in-hand with technological advancements.
“Guests can now easily compare prices, check availability, read reviews and book accommodation all on their smartphones,” she said.
“We expect the competition to get even stiffer in the future as options diversify with the rise of rental apps, guesthouses, hotels and resorts.”


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Go roofless in McLaren's latest longtail model in 11 seconds.
As the delta variant spreads, some governments and agencies have issued vaccine mandates or other requirements for employees.
The XR20 includes a 6.67-inch screen and dual rear-facing cameras. | Image: HMD Global
HMD Global’s newest Nokia device is the XR20, a rugged phone with 5G connectivity that goes on sale in late August for $549. In addition to robust physical protection, the XR20 is well supported on the software side — a big focus for Nokia’s latest devices — as it ships with Android 11 and comes with three years of OS upgrades alongside four years of monthly security updates. Even considering that the first of those updates, Android 12, is due for release very soon, it’s a policy that’s far stronger than that of most midrange Android devices.
The XR20 has a long list of rugged specs. It’s IP68 rated and can withstand submersion in 4.9 feet (1.5 meters) of water for up to an hour. It also meets other criteria of the MIL-STD 810H standard,...
When you are a coffee lover, taste matters, and Spinn is brewing up some fresh funding to bring connected coffee to new customers through its hardware-enabled coffee marketplace.
Plague Inc., which won praise from the CDC for its educational value, uses the Tokyo Olympics to explain exponential growth.
Starting today, the 23rd of July, 2021, Pokemon GO has an event running courtesy of the Ultra Unlock series during Pokemon GO Fest 2021. The first event is Ultra Unlock Part 1: Time, and it runs from today until August 3, 2021, at 8PM local time. The idea here is that Pokemon from what appear to be “various eras” will … Continue reading
Choosing a phone plan isn't easy. Hopefully, this can help.
VNG's payment business ZaloPay has trailed behind other heavyweights such as MoMo, ViettelPay, and Sea Group's ShopeePay.
The Fitbit Charge 4 gives you unprecedented fitness monitoring with GPS, while the Fitbit Sense adds monitoring tech like ECG to your health overview.
Streaming is the name of the content game these days, and now one of the companies that builds tech to do this from anywhere in the world is getting acquired. LiveU — whose satellite/cellular hardware and software for capturing and delivering live streaming and broadcasting video is used by over 3,000 large media organizations — […]
Pandemic smiles on Unified-Comms-as-a-Service biz Zoom is making a full-blown entry into the cloudy Unified Comms business by hoovering up Contact-Centre-as-a-Service (CCaaS) outfit Five9 in an all-share transaction valued at a whopping $14.7bn.…
Analysts expect higher prices to offset higher variable costs and margins to remain largely stable with just a 2-3% sequential decline
Apparently the Google Pixel 6 XL will get a whopping 5x optical zoom, which trumps all other Pixel phones.
NASA is currently working on putting a new lunar rover on the moon’s surface, and part of that work is developing a map of where exactly the rover will travel. Knowing where the rover will drive is critically important to help avoid obstacles and get the rover close enough to objects of interest to perform its mission. VIPER, or Volatiles … Continue reading
Xiaomi Mi Notebook Pro 14 and the Notebook Ultra 15 specifications have leaked ahead of their impending launch. As the Chinese tech giant gets ready ...
The post Xiaomi Mi Notebook Pro 14, Notebook Ultra 15 Specifications Leaked appeared first on Gizchina.com.
An international team of astronomers led by researchers from the University of Warwick has made a very interesting discovery. The team has discovered a binary star system that’s heading towards supernova, which is very rare. The telltale sign of the binary system heading towards its demise is a teardrop-shaped star. The shape is caused by massive and nearby white dwarf … Continue reading
It's almost like a part of me is missing, but upon further reflection, selling the company made all the sense in the world.
It's possible that Apple's next AirPods Pro will have fitness tracking, but right now you can get that feature and more in the $150 Amazfit PowerBuds Pro.
Most of Temasek's investments continue to be in China and Singapore, but the largest share of new investments last year went to the Americas.
Score the kids' versions of Amazon Echo and Fire tablets for cheap.


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BROOKFIELD – Brookfield is a getting a new upscale shopping center.
Marcus Corp. is behind the project, which they are calling The Corners at Brookfield. Marcus has announced that Von Maur will be the center's anchor store. This will be the retailer’s first store in Wisconsin.
Besides featuring Wisconsin's first Von Maur department store, The Corners will include BRIO Tuscan Grille, Cafe Benelux, Chico's, Colectivo Coffee, CRAVE Restaurant, Grimaldi's Pizza, Hot Mama, Kilwins, White House Black Market, and more.
The 400-thousand square foot retail site will be built just three miles west of Brookfield Square Mall, but those behind the project don't see it as competition.
“[Our goal] is to complement the offerings at Brookfield and along Bluemound Road,” says Katie Falvey of Marcus Corp. “[To] feed off the synergy that is already there.”
The Corners at Brookfield is scheduled to open in 2015.


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Associated Press/File 2012
Equifax apologized again for its massive data breach in a Friday morning earnings call but also touted plans to build a new credit monitoring tool to give consumers more control over their data.
Chief executive Paulino do Rego Barros Jr. outlined plans to rebuild trust after saying that Equifax’s senior leadership team will forgo ‘‘incentive compensation’’ — essentially, bonuses — for 2017.
He added that Equifax will release a free tool to allow anyone to lock their account to prevent others from viewing credit data or opening accounts in their name. (A credit lock, however, affords users fewer legal rights than a credit freeze, even in the event of a hack.) That tool is set to launch at the end of January.
He added that Equifax is working with other companies to create something similar for the whole industry. ‘‘We believe the time is right for an industrywide solution that provides consumers a way to substantially improve visibility and control to personal credit data for free, for life,’’ he said.
Equifax currently has a credit monitoring service that it’s offering free to all 145.5 million consumers affected by the breach; registration remains open through Jan. 31. The service allows users to monitor and even freeze their accounts. The firm’s chief financial officer, John W. Gamble Jr., said during the earnings call that approximately 1.5 percent to 2 percent of all Equifax files now have a lock or freeze placed on them.
Overall, Equifax has said that roughly 30 million people have visited the website it set up to inform consumers about the breach. But it has not reached out to individuals affected by the breach personally — leaving questions about how many people could still be unaware that their sensitive information was stolen, as Equifax tries to move on.
A recent survey from financial site CreditCards.com found that 71 million American adults hadn’t heard anything about the breach more than a month after it was first announced, despite heavy news coverage.
Barros has declined to say whether Equifax will reach out to individuals by mail or email. Senator Tammy Baldwin, Democrat of Wisconsin, who helped introduce a consumer protection bill called the Freedom from Equifax Exploitation Act after the breach, sent a letter Thursday requesting that the credit bureau do so.
‘‘It is deeply concerning that only slightly more than 20 percent of affected individuals have successfully used this tool, which you said you have been promoting heavily through social and other media,’’ she said in the letter, which is posted publicly. ‘‘[It] remains quite possible that millions of individuals do not know for certain if their information was exposed.’’
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A fire-ravaged home in Melrose was listed for nearly $600,000 and is about to go up in price after the sellers received multiple offers in just two weeks.Continue reading »


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If you had all the money in the world, what would you buy?
Perhaps a villa to house you and all of your loved ones? A collection of vintage cars? Maybe even a private jet complete with a personal pilot to take you anywhere in the world?
In the case of Bryan Johnson, it’s trying to eke out his time on earth to the max.
While Silicon Valley tech billionaires, like Oracle’s founder Larry Ellison, Google co-founder Larry Page, and Jeff Bezos have long been funneling millions into the field of longevity research, Johnson is taking his quest to live as long as humanely possible a step further.
The 45-year-old American tech entrepreneur spends around $2 million a year to have the skin of a 28-year-old and the lung capacity of an 18-year-old.
And despite making headlines for the extreme lengths he’s taking to fight aging, there’s one thing interesting many people who have only recently heard of the youth-chasing millionaire: How did he get rich enough to afford all these treatments in the first place?
Bryan Johnson had an early taste for entrepreneurialism
Today, the Braintree and Kernel founder’s net worth is estimated to be around $400 million. But Johnson wasn’t born into extreme wealth.
Born in a small religious town in Utah, Johnson lived with his mother and stepfather, who owned a trucking company.
Before getting a taste for entrepreneurialism, he became a Mormon missionary and spent two years in Ecuador at 19.
Following this stint, he went to college and graduated with a BA in International Studies from Brigham Young University in 2003. It was during that time, that he launched his first three startups.
His first venture involved selling phones. He even enlisted other college students to sell service plans along with cell phones and earned around $300 commission on each sale.
Although the business failed to gain success, it helped pay his way through his studies.
He also founded a voice communications company similar to Skype called Inquist, which shut shop in 2001.
Following that, he joined a real estate project with his brother, which also failed.
Braintree: Johnson’s big break
Finally, Johnson got his big break when he founded the mobile payment platform Braintree in 2007.
In just three years it had grown by over 4,000% and was boasting $4.6 million in revenue, earning it a spot on Inc. magazine’s list of the 500 fastest-growing companies for two years running.
The company ranked 47th in 2011 and 415th in 2012. That year, the company acquired Venmo for $26.2 million.
By September 2013, the business which was processing $12 billion in payments annually, was bought by Paypal for $800 million.
Johnson used $200 million from the acquisition to create the biotech venture firm OS Fund in 2014 and then later, the neurotechnology company Kernel.
The OS Fund says it’s seeking founders who see beyond our lifetimes and has raised funding for 28 portfolio companies which range from designing protein that doesn’t exist in nature to kits that can detect diseases in your DNA.
Nearly all of the investments have received follow-on funding, three have been valued at over $1 billion and at least, two have been acquired.
Johnson’s Kernel launched in 2016. In just a year, it had already grown to a team of 30.
It has since designed headwear to measure brain signals with the aim of testing conditions like Alzheimer’s and by 2020, it had already raised around $53 million from outside investors.
Not one to slow down, Johnson published two children’s books between 2017 and 2019. On top of his investments and startups, the sales of Code 7: Cracking the Code for an Epic Life and The Proto Project: A Sci-Fi Adventure of the Mind, will be adding to his already sizable fortune.
His most recent venture is what made the recent round of headlines: Johnson launched Blueprint in 2021 with the aim to measure (and reverse) the aging process of 70 of his own organs and share his learnings with the world.
He recently claimed to have reversed his epigenetic age by 5.1 years. However, we are yet to find out just how lucrative chasing youth will be for Johnson.
Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. Sign up here.


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A new festival seeks to celebrate the produce and producers of Iceland’s Westman Islands. The MATEY Seafood Festival is a collaborative project between the island’s restaurateurs and food producers and will take place from September 8-10.
Restaurants, fish factories, food producers and other food industry service partners collaborate to highlight the food of the islands. With the MATEY festival, islanders hope to spotlight “one of the best culinary destinations in Iceland,” and give guests a taste of “a variety of stunning dishes” that are made solely with ingredients sourced in and around the Westmans. Leading chefs from neighbouring Nordic nations will also take part in the festival, offering their own twists on “authentic local dishes.”
Restaurants Gott, Slippurinn, Einsi Kaldi, and Næs will host menus from guest chefs Chris Golding, Leif Sørensen, Ron McKinlay, and Fjölla Sheholli and Junaid Juman, respectively, serving up local ingredients.
In addition to serving up local cuisine in Heimaey’s restaurants, the festival will also feature events in which businesses in seafood industry open their doors, give some insight into their operations, and discuss the “blue economy” that is so vital to the Westmans’ way of life.


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Fisker Stock (NYSE: FSR) stock price, news, charts, stock research, profile.
|Vol / Avg.257.487K / 13.714M||Mkt Cap585.217M|
|Day Range- - -||52 Wk Range1.400 - 8.665|
|Date||Analyst Firm||Analyst Name||Action||Rating||Action Price||Prior Price||Target|
|2023-12-04||Goldman Sachs||Mark Delaney||Maintains||SellSell||Lowers||2.00||1.00|
|2023-12-04||Evercore ISI Group||Chris McNally||Downgrades||OutperformIn-Line||Lowers||6.00||2.00|
|2023-11-16||Morgan Stanley||Adam Jonas||Maintains||UnderweightUnderweight||Lowers||4.00||3.00|
|Ticker||Company||Chg %||Mkt Cap|
You can purchase shares of Fisker (NYSE: FSR) through any online brokerage.
The latest price target for Fisker (NYSE: FSR) was reported by Citigroup on Friday, December 8, 2023. The analyst firm set a price target for 4.00 expecting FSR to rise to within 12 months (a possible 139.61% upside). 17 analyst firms have reported ratings in the last year.
The stock price for Fisker (NYSE: FSR) is $1.6694 last updated Today at December 11, 2023 at 1:33 PM UTC.
There is no dividend information for Fisker.
Fisker’s Q4 earnings are confirmed for Monday, February 26, 2024.
There is no upcoming split for Fisker.
Fisker is in the Consumer Discretionary sector and Automobiles industry. They are listed on the NYSE.


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Apr 10, 2020PMA, iTradeNetwork partner to help members establish trading linkups
Produce Marketing Association (PMA) and iTradeNetwork have announced a partnership that will make iTradeNetwork’s newly-created iTradeMarketplace free to PMA members for six months. iTradeMarketplace is a partner discovery, matching, and transacting service that provides opportunities for buyers, suppliers, and other organizations in the supply chain to connect and establish trading relationships.
“PMA is excited to continue our commitment to members helping members, particularly during this crisis. To reduce the hurdle of manual processing, iTradeNetwork is bringing our members an opportunity to do business while our traditional face-to-face connections are temporarily on hold.This service, called iTradeMarketplace, will help PMA members connect with others in the supply chain they might not usually do business with and keep fresh produce and floral products flowing to the consumer,” said PMA CEO, Cathy Burns.
PMA members who are looking to participate are invited to register on the iTradeMarketplace website where they can provide contact information and identify if they are looking to buy or sell products. iTradeNetwork will facilitate these connections with no charge for the first six months which will begin once the trading connection is enabled.
“Technology can be a powerful ally in times of crisis, and we are putting our platform to use in a different way that aims to help companies in the food supply chain navigate these uncertain times. The agility of iTradeMarketplace empowers participants to move at the speed of the crisis and respond to local, as well as global, food supply chain needs,” commented Rhonda Bassett-Spiers, CEO of iTradeNetwork.
For questions or further outreach, members can reach out via email at [email protected].
PMA is the trade association representing companies from every segment of the global produce and floral supply chain. PMA helps members grow by providing connections that expand business opportunities and increase sales and consumption. For more information, visit www.pma.com.
iTradeNetwork, Inc. is a global provider of supply chain management solutions for the food and beverage industry. ITN’s collaborative solutions allow distributors, manufacturers, operators, retailers, suppliers and wholesalers of all sizes to reduce cost, grow revenue and strengthen trading partner relationships. Today, ITN’s growing customer list includes over 8,000 global companies. For more information, visit: www.itradenetwork.com.


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Companies from Samsung to Dignity Health to GE are fitting their employees with smart glasses, including the product that once was known as Google Glass.
Google Glass as a product is long gone—its parent company sunset it in 2015. But since then, the technology has found a place on factory floors and industrial settings.
Its appeal is in its hands-free nature. Factory workers need to carry rugged laptops or tablets with them throughout the day to log tasks, reference work orders or read equipment manuals. With Google Glass or other wearable devices, such as Epson's Moverio, workers can call up the content they need or log tasks easily.
These devices are also customizable, so companies can create software solutions specifically for their workplaces. Google works with more than a dozen software solutions partners who create workplace solutions for different business cases, and manage the Glass infrastructure integration.
Israel-based Plataine is one of those partners, and CMO Amir Ben Assa’s thinks smart glasses represent a “fourth industrial revolution” that revolves around a necessity to get things done in real-time.
He credits the shift to two main factors: Manufacturers have invested in Wi-Fi networks for their factory floors in a way they didn’t 20 years ago and are collecting massive amounts of process and machine data. Factory floor workers are in turn tasked with making increasingly complicated products on the same lines.
“Because manufacturing facilities today are more complex, we need to equip managers, operators and staff with a digital assistant. This is how they're going to do their job more efficiently, and this is how the end result will be higher quality products," Ben Assa said. “It’s market demand.”
DHL began testing smart glasses in 2015, and expanded the program last April after the devices reduced the time needed for a worker to pick out and pack a shipment by 25%, according to the Wall Street Journal. Markus Voss, global CIO of supply chain at DHL, called the program a “game changer” for the company’s operation, and heralded the tech as taking the company one step closer to “Industry 4.0." In DHL’s case, warehouse pickers wear the glasses to load orders onto trolleys by visually displaying where each item needs to be placed.
Meanwhile, Sutter Health outfitted 100 doctors across its network with Glass and a pre-loaded software system from Augmedix. Doctors wear Glass during visits with patients to augment administrative charting and note taking tasks. In the future, Sutter Health plans to add in a machine learning tool to organize messages from patients and "supercharge scribing" according to a press release.
The initial success of industrial smart glasses is encouraging, but Ben Assa acknowledged that not every factory floor will adopt them overnight. Cost is certainly a pain point—aside from Glass, other smart glasses like those manufactured by Epson can set a company back anywhere from $700 to $2,000. Still, he has high hopes for wider adoption as more lower-priced devices enter the market.
Data from ABI Research shows that by 2022, there will be 32.7 million total smart glasses shipments, a significant increase from the 223,000 in 2017.
Interested in more on wearables? eMarketer PRO subscribers can access our latest report, Wearables 2019, here. Not sure if your company subscribes? Check here.
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HTC’s ideas for the second half of the year have revealed the US as a strong target. T-Mobile Emerald’s probable international version, HTC vision, should be sent to Europe by October and could launch in November a bit before, its counter part is released in North America in November. T-Mobile will add to this phone another android phone, known as Vanguard, and an unnamed windows 7 device. A report revealed that a company from Taiwan would introduce the android phones in Europe by October. Since AT&T is officially the partner of Windows Phone 7, it will also give it a HTC phone; however, it would not probably launch as quickly as expected.
Android phones unleashed
According to the Taiwan’s Commercial Times newspaper, it will not be exported until November. It is not clear yet whether the phone is Mondrian, however, a similar phone known as Mozart is in process of its development. The leaked news suggests that 24 million phones would be shipped by HTC this year. However, it has been predicted that 8.5 million handsets would be shipped in just the fall quarter. Although this is not enough to beat the big rival Apple, it would bring a lead over Motorola as the biggest producer of android phones.
T-Mobile’s plans shows that seven new android handsets will be released before the end of the year. This includes the Motorola Charm and Samsung Vibrant, which have already been released, both on the same date, July 21.The other five handsets are likely to be under code names.
Debut of the HTC handset, Vanguard, will take place on September 9. Two other devices will be released on the same date; however, LG’s android phone will come soon after that. The HTC vision to launch Emerald could take place on November 5.According to an anonyms source, the features of the Emerald includes a 4.3-inch Super AMOLED display Android 2.1, Snapdragon processor of 1GHz and, which would probably give a candy shaped look. Moreover, there will be 16 BG of memory storage and T mobile’s life style applications.
No information has been provided about these devices. However, the names of the devices are most likely to change before the launch.
According to the road map, Motorola would probably update Cliq and Cliq XT to Android 2.2.Since both the devices have “TBA” beneath; therefore, there will be something to see in near future. Another model known as Charm will be shipped with android 2.1 and a same software as Cliq in September.


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Tech Trends Identified by SEMA
Nov. 20, 2020—On Nov. 6, automotive industry professionals gathered for the virtual SEMA 360 event to discuss the upcoming trends and advancements in vehicle technology.
Carla Bailo, president and CEO of the Center for Automotive Research, offered key takeaways on what to expect in the coming years and how the industry has shifted since the onset of the coronavirus pandemic. The presentation, “Vehicle Technology and Business Opportunities,” touched on micro-mobility, smart cities, the rising interest in electric vehicles and more, and ADAPT captured it all.
SEMA’s vice president of vehicle technology and moderator for the event, John Waraniak, kicked off the presentation by saying: “Don’t let it become a capability crisis—prepare for the future.”
With many people working from home and sheltering in place, Bailo says the pandemic has caused an accelerated adoption of home delivery services across the country. Families that used to peruse the aisles of their grocery store can now have all of their favorite snacks and meals dropped at their doorstep, which Bailo says she doesn’t see changing any time soon because people have grown accustomed to it.
The trend is no secret to industry observers.
“We have seen a huge uptick in electric vehicles,” says Bailo.
While the sales of electric vehicles seem to be small, she says they are growing each year. In fact, between 2019 and 2020, electric vehicle sales dropped less than any other vehicle segment in the market.
The pandemic also brought about new opportunities for electrified vehicles to deliver goods and services.
Bailo says, “We are going to see more and more EVs being used in the delivery market.”
Bailo also predicts that automakers and tech companies alike will begin to deploy fleets of electric vehicles.
“If you get electric vehicles out in fleet services where there is less downtime, you can then manage charging levels properly,” she says.
When it comes to mass transit, Bailo says “it is not going away, nor should it, but how it looks will change.”
In the coming months, and years, mass transit vehicles will have enhanced cleaning measures, reduced capacities, social distancing, and compulsory masks, says Bailo.
Micro-mobility, like electric scooters, has also started to rebound, says Bailo, in part due to the implementations of slow streets and enforced social distancing.
“If I have my wish,” she says, “We’re going to see cities keep a lot of the implementations they put in place.”
Bailo also encourages the transition to “smart cities.”
“A smart city is one that is liveable, workable, and sustainable, but continues to grow with technology,” Bailo says.
What sets a smart city apart from traditional cities is its ability to respond to changing environments and landscapes. Take your vehicle for example, Bailo says, “95 percent of the time, you’re not using the vehicle.” But when it isn’t being used, where is it being stored? In the garage or along the street taking up an entire bike lane?
“We are not using vehicles and vehicle space efficiently,” says Bailo. “We need to think of new ways of doing things.”
Along the same thread, Bailo also emphasized the need for more diverse solutions depending on the geographic location, climate, and demographic of the city.
“One solution in one city, is not going to work in another,” she says.


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Prime Minister Nguyen Tan Dung has approved four action plans to implement Vietnam’s industrialization strategy within the Vietnam-Japan cooperation framework by 2020 with a vision for 2030.
These four plans include developing the electronics industry, developing the agricultural machinery industry, developing the agricultural product processing industry, and developing the environment and energy saving industry.
Vietnam aims to become a major producer of electronics equipment
The country has set a target of developing the electronics industry with advanced technology, high labour productivity by 2020 to be able to compete in the regional and global markets, making major contributions to the national economy and national industrialization and modernization.
It aims to produce high added value electronic products of advanced quality standards for exports and domestic consumption.
By 2020, the production value of the electronics industry is projected to increase at least by 20% annually and contribute a minimum of 10% to the total production value of the industry, being included in the list of the top ten industries recording the highest growth rate.
Vietnam is striving to become a major producer of electronic equipment with smart and environmentally friendly technologies.
To reach this goal, six strategic issues should be focussed, namely developing support industries, developing human resources, expanding the domestic market, attracting investment from the world’s leading electronics businesses, developing key products and establishing electronics industry clusters.
Encouraging production and use of agricultural machinery
To encourage farmers to use agricultural machinery, manufacturers should supply agricultural machines based on the real needs of farmers. Ministries and agencies will carry out agricultural machinery support programmes to meet farmers’ requirements for quality and ensure a healthy agricultural machinery business environment.
This action plan is designed to modernize Vietnam’s agriculture by 2020 by increasing total agricultural output from US$220 billion in 2010 to US$430 billion in 2020 and per capita income to US$3,000.
Agriculture will constitute 15% of GDP; labour productivity will rise from US$740/person in 2010 to US$2,000/ person in 2020; the rate acheter du cialis en ligne of workers in the agro-forestry-fishery sectors will reduce from 49% in 2010 to 30-35% in 2020.
Towards becoming trusted provider of high quality agricultural products
The country will target towards becoming a high quality agricultural product producer for exports and domestic consumption and define 3-5 agricultural and fishery products that can promote the image of Vietnamese trademark. Accordingly, typical items-rubber, coffee, tea, shrimp and fruit & vegetables-will be targeted.
The role of businesses will be enhanced in strengthening production-market connectivity and insuring their products are certified by VietGap, GlobalGap, and Rainforest.
Encouraging all economic sectors to develop environmental industry
The environmental and saving energy industries are expected to become major industries by 2020 which can meet requirements for environmental pollution treatment and sustainable energy.
The goal of the plan will be pivoted on improving incentive mechanisms and policies, intensifying inspection and supervision to raise awareness and law enforcement capacity, applying advanced technologies in environmental remediation and energy saving and encouraging all economic sectors to attract foreign investment in this field.


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Updated: May 10, 2022 07:58
Alexander Marshall, Founder of Whip Ride Share (Photograph provided)
An electric scooter ride-sharing business is started by Bermudian artist Alexander Marshall, known by his stage name Fiyah Marshall.
Whip Ride Share is promoted as an affordable and convenient way to get around the island, allowing residents and tourists to pick up and drop off small-wheeled electric-assist scooters from designated locations.
The company recently carried out a soft launch in collaboration with the local group “entrepreneurial accelerator” Ignite Bermuda and is expected to officially launch on Saturday [May 15] to coincide with the return of Sail GP racing.
Electric scooter ride-sharing company Whip Ride Share officially launched on Saturday (photo provided)
The scooters can be rented through the Whip Ride Share app which is due to launch this week and will be available through the Apple Store and Google Play Store.
Mr. Marshall, founder of Whip Ride Share, said The Royal Gazette“We’re launching on Saturday because it’s a great opportunity to introduce a new service to Bermuda and help tourists and locals get around while enjoying the Sail GP festivities.
“Everyone is aware of the transport problems in Bermuda, it is not always easy to get around. We hope to make Bermuda more modern.
“It’s on-demand, fun and affordable – convenient transportation rental in the palm of your hand.
“All you need is government-issued ID and a credit or debit card to use the service. It’s similar to what’s on offer in the US – anyone aged 16 and over can pick them up and you must park them in one of the many ‘Whip Zones’ around the island to end service rent.
“They have a maximum speed of 25 km/h and are safe to use.
“They are not subject to transport laws, it’s like riding a bike on the road – we ask our customers to keep to the left, not to ride the scooters under the influence of alcohol or drugs and to respect other road users.”
Whip Ride Share units use interchangeable batteries. Users can drop off units in various designated drop zones called “whipped zones”.
The company provides helmets that can be attached to the units when they are finished.
Users are entitled to their first ride for free when purchasing a basic credit package. For more information, visit www.grabawhip.com
Mr Marshall said he was starting the business with 150 custom-designed electric-assist scooters.
Once registered, customers can rent a scooter for as little as $3, then 50 cents per minute thereafter. Mr Marshall said Whip Ride Share uses a similar model to e-scooter rental companies overseas Bird and Lime.
He said: “We took them as industry leaders and tweaked it for Bermuda. Our model’s interchangeable batteries mean the fleet doesn’t need downtime to recharge.
“There are several hundred ‘whipped areas’ around the island where scooters can be parked and we invite businesses to nominate more on their properties. The St Regis hotel gives us an area in front of the hotel.
Mr. Marshall added that he hopes to expand the business in the Caribbean.
“Our goal is to become the premier electric-assisted micro-mobility scooter ride-sharing provider in the Caribbean.
Mr. Marshall is a recording artist who has performed with international artists including American rapper Jadakiss and Jamaican reggae musician Sizzla.
He currently resides in Bermuda and says that although his main focus is Whip Ride Share, he continues to create music.
A company press release read: “Whip is excited to enhance Bermuda’s tourism experience product while modernizing our transportation system to keep pace with other jurisdictions around the world where electric-assisted scooters, e-bikes and micro-mobility ride-sharing services have become the norm.
“We are excited to help make Bermuda better and contribute to its future. Need to go somewhere? #GrabAWhip”


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It’s a tough time for airlines. One look at the news outlets will tell you it’s even worse for Air India. It is safe to say that the airline’s glory years are comfortably ensconced in the past and have been so for a while now.
Air India has been at the receiving end of fairly regular bad press of late. The most unforgiveable reason of which, we assume, was being the reason for some cricket fans having to miss the recent India – Pakistan World Cup cricket match.
Not too long ago, a new modern day rehashed mascot for the airline emerged. The press picked it up, didn’t seem to take too kindly to it and soon enough the airline took to Twitter to ‘clear the air’ that the Maharajah continues to remain the mascot but that the ‘new’ version would be featured in its communication.
A news report in The Times of India dated 18 Jan 2015 attributes the following comment to a senior Air India official that handled the makeover: “The new Maharajah is aligned with the modern times and with the new AI which is also trying to cut flab to become a lean commercial entity. The Maharajah now has a leaner, young, sporty and more dynamic look.”
Some brand watchers contend that the rebranding should have followed some evidence of inherent change in the brand.
Can a visual rebranding exercise actually spell transformation for the company?
Anand Halve, co-founder, Chlorophyll, notes, “Maharajah, unfortunately, seems to draw only contempt at the moment. The Maharajah was invented to be this charming individual that represented the hospitality of India and in those days it was targeting international flyers not Indian. They have to now decide what Air India is all about today. Air India needs to redefine its offer to the consumer.”
Nalin Khanna, group CEO, Vertebrand, believes that it needs to let go of its dated way of operation. “Air India is rooted in the past so strongly that it’s finding it difficult to evolve. In any case, if there is a deep rooted surgery required, band-aids don’t work. SpiceJet is facing troubles as well but people still continue to fly with both Air India and SpiceJet primarily because there are no options available. A brand should have a strong conviction about the change it wants to drive. Air India, at this stage, needs transformational changes and not symptomatic ones.”
Rakesh Thukral, managing director, Edelman, suggests elevating the experience. He notes, “Air India will have to enhance the experience. It isn’t that people have stopped liking Air India, but that the airline now needs to focus on what aspects of their brand are liked by their flyers and try to build on that. There has to be an overall package which is about, customer service experience, engagement, actual empirical experience.”
Lloyd Mathias, chief marketing officer, HP India, explains how to look at rebranding as a solution to the airline’s problems signifies completely misidentifying the point. “The problems of Air India are fundamental, rebranding cannot save Air India. Improving everything right from bookings to timings to flight experiences, loyalty programme and overall communication is what the airline needs to look into.”
Rajiv Desai, chairman and CEO, Comma Consulting, minces no words as he says, “A brand is not just about an identity, symbols and pretty pictures. It is about the values. What are the values we associate with Air India right now? They’re late, they’re inefficient, they’re completely non-customer oriented, they first need to instill value into their brand.”
Mathias notes how Air India needs to approach the issue with a value-oriented focus. He opines, “Rebranding by itself will not help until you’re able to alter your value proposition. If Air India isn’t looking at its in-flight service, the quality of staff, service as a whole, then rebranding, by itself, doesn’t make sense.”
Anand Halve, co-founder, Chlorophyll
“Changing a logo or a mascot is the least important part of the exercise. Are you fundamentally changing something that defines you as a brand? A brand, ideally, is a statement of what it believes in. Right now, customers have no idea what Air India is about. ”
Nalin Khanna, group CEO, Vertebrand
“Rebranding can be physical which involves changing the logo, mascot, the look of the brand. The other has to deal with the ‘feel’ of the brand. Changing your brand is important in case of trying to better the experience your customers expect from you. If the customer doesn’t feel that the staff behaves in accordance or that the services provided are as promised then no amount of tinkering with branding and/or upping your activities on social media will help. ”
Rakesh Thukral, managing director, Edelman
“The customer experience and visual perception of the brand are linked. What people see and what people experience collectively forms their perception towards a brand. The brand personality and brand experience needs to liven up a bit. ”
Lloyd Mathias, chief marketing officer, HP India
“Whenever Air India decides to turn itself around the right way, it must focus on the value proposition being put forth. It needs a consolidated approach that touches every aspect of the customer experience. ”
Rajiv Desai, chairman and CEO, Comma Consulting
“Before going for cosmetic changes, they need to define their value system to abide by. Feeling a sense of non-accountability, except towards the civil aviation ministry, is working against the airline. ”
(This appeared in the 20 February issue of Campaign India)


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- XPeng recently shared the details of its new modular platform, the Smart Electric Platform Architecture (SEPA) 2.0.
- Using this platform should shorten R&D for new models by 20% and cut costs on user technology as well.
- The XPeng G6 coupe SUV will be the first vehicle built on the SEPA 2.0 platform, and it was already unveiled at the Shanghai auto show.
Chinese EV maker XPeng has a new platform it unveiled earlier this month, which is called the Smart Electric Platform Architecture (SEPA) 2.0. The new Xpeng platform architecture will create the foundation for the brand’s future production models and will help reduce the cost of developing and manufacturing those new models.
How Will SEPA 2.0 Cut Costs for XPeng?
The new Xpeng platform is expected to shorten the R&D cycle for future car models by 20%. It should also cut costs on various adaptations of the brand’s advanced driver assistance systems, dubbed XPILOT, and its smart infotainment systems by 70% and 85%, respectively.
The SEPA 2.0 platform is modular and adaptable to work for wheelbases ranging from 1,800 mm (70.9 inches) all the way to 3,200 mm (126 inches). It’s also scalable to support almost any vehicle type: coupe, sedan, wagon, hatchback, SUV, pickup truck, or multi-purpose vehicle (MPV).
Around 80% of the architectural components in each upcoming model will be compatible with future models. This will help XPeng to add to its lineup without incurring too many additional costs.
The G6 coupe SUV will be the first vehicle built on the SEPA 2.0 platform. The G6 was already unveiled at the Shanghai auto show.
XPeng Fighting For Its Future
XPeng’s CEO He Xiaopeng has said that an automaker needs to reach 3 million units annually and globally if it wants to survive beyond a decade. However, XPeng delivered just 18,230 EVs in the first quarter of the year, almost a 50% drop year-over-year.
The company hopes its new P7i sports sedan, the new G6, and a yet-to-be-unveiled seven-seat MPV will boost its sales this year. XPeng also said the new architectural platform could help make its infotainment service, Xmart OS, available to every owner.
The launch of this new XPeng platform comes at a time when the carmaker’s rivals have sparked a price war in China. Tesla cut prices on models made at its Shanghai Gigafactory and made its locally-made cars significantly cheaper in 2022. Other brands like NIO, Volkswagen AG, Mercedes-Benz, and Ford did the same, making the Chinese auto market much more volatile.
Last month, the China Association of Automobile Manufacturers (CAAM) called for an end to the price war, saying it wasn’t a long-term solution to low demand and too much inventory.
And yet, XPeng is still all-in on this new platform architecture to cut its own costs and lower the sticker price of its cars for customers. The brand has said the new G6 will be priced just under $30,000, nearly $10,000 less than the lowest-priced Tesla Model Y built in Shanghai.
SOURCE | IMAGES: XPENG
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The fleet sell-off by Copenhagen-based shipowner and operator Lauritzen Bulkers shows no sign of easing, timing the deals well, selling into a rising market. Splash understands Lauritzen has sold its third Japanese-built ship in the space of just four weeks.
Last week a ship called Eva Bulke was reported sold. This week a sister ship, the 10-year-old, 38,000 dwt Milau Bulker, has also been reported sold. Broker sources link Newport to both ships and they add a $46m price tag to the en bloc deal. Earlier in June, the similar aged Anne Mette Bulker was sold to Turkish account Devbulk. This ship has since been renamed Lady Sare.


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The impact of economic slowdown is expected to result in low salary hike of personnel across several sectors and in the case of those engaged with the logistics and supply chain businesses, it could well be the lowest during 2020. This is a major takeaway of Aon’s latest annual salary increase survey unveiled last week which presents data on the basis of response from over 1000 companies.
Of the 20 sectors covered in the survey, lowest annual hike of 7.6 percent has been projected for personnel in logistics and transportation sector. The average salary hike across all sectors is expected to come down to 9.1 percent from 9.3 percent registered during 2019. However, despite the dip in the projections, two out of five participating sectors – e-commerce and professional services – in the survey are projecting a double-digit increase. The pay increase in the FMCG sector, at 9.3 percent, is also expected to be better than the projected national average.
Navneet Rattan, Director, Organization, Performance and Rewards, Aon India, said, “We see a reduction in the differences between pay increases across industries, with 85% of the organizations projecting between 7%-11% – a sign of maturing business ecosystems. However, the premium for high performance and new age skills continues to rise.”


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from the game-on! dept.
AMD has cornered the x86 console market with its handy semi-custom mix of processors and graphics. While we slowly await the next generation of consoles from Microsoft and Sony, today AMD and Zhongshan Subor announced that a custom chip has been made for a new gaming PC and an upcoming console for the Chinese market.
The announcement states that a custom chip has been created for Subor that is based on four Zen cores running at 3.0 GHz and 24 compute units of Vega running at 1.3 GHz. The chip is supported by 8GB of GDDR5 memory, which the press release states is also embedded onto the chip, however it is likely to actually be on the package instead. Compare this to the specifications of AMD's current SoC designs, such as the Ryzen 5 2400G, which has four Zen cores and 11 Vega CUs. Or Intel's multi-chip design featuring four Intel cores and an AMD-based 24 compute unit GPU paired with 4GB of HBM2 memory. There is also AMD's Vega Mobile chip, which is expected to be in the 24-32 compute unit range, however this is also paired with 4GB of HBM2.
Announced earlier this week, HP's Spectre Folio convertible notebook already looks remarkable due to its leather exterior. As it appears, the system is as impressive inside as it is on the outside, as it incorporates a custom Intel's Amber Lake-Y multi-chip-module that features an LTE modem.
According to a report from PC World, the internal design of the Spectre Folio PC convertible notebook was co-developed by HP and Intel engineers under Intel's Innovation Excellence Program, which is aimed at enabling PC makers to bring state-of-the-art designs to the market. The product uses a tiny, jointly-designed motherboard that measures only 12,000 mm2 and is based around a unique multi-chip module that carries Intel's Amber Lake-Y SoC, a PCH (platform controller hub), and Intel's Intel XMM 7560 LTE Advanced Pro Cat16/Cat 13 modem.
[...] Intel is not new to selling complete platforms comprised of a CPU, a chipset, and a communication module. Back in 2000s the company made a fortune selling its Centrino-branded sets containing the aforementioned elements. By selling multiple chips at once, Intel naturally increases its revenue, whereas system vendors ensure compatibility. Therefore, platform-level integration is a win-win for all parties. With that said, this is the first time we've seen Intel put a CPU, a PCH, and a cellular modem onto one multi-chip-module in this fashion. So this may be the start of a trend for the company.
Related: Apple Could Switch From Qualcomm to Intel and MediaTek for Modems
Intel Announces Development of 5G Modems (Due in 2019)
AMD Creates Quad-Core Zen SoC for Chinese Console Maker
ARM Aims to Match Intel 15-Watt Laptop CPU Performance


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Louis Vuitton, Gucci and More Fashion Brands Enter The Metaverse
- For a business to remain competitive at the highest level for a long period of time, evolution is key; and in this case, the evolution is the metaverse.
- The metaverse is an augmented reality where people can design and control their own unique avatars with the help of virtual reality headsets.
- Below is a list of companies that have decided to branch into the virtual world via different strategies.
Evolution is key for a business to remain competitive at the highest level for a long time. As a result, companies are always looking for the hottest trends to help increase their market share, and one of the main topics companies are discussing is the metaverse. Due to its rising popularity, many companies have begun/contemplating entering this industry to ensure they maximize their brand’s exposure.
What is the Metaverse?
The metaverse is an augmented reality where people have their own unique digital avatars and can customize them however they want. In this virtual world, people can interact similarly to real life and participate in many different activities by themselves or with others.
Recommended Read: How to Make Money in the Metaverse
Simply put, the metaverse is a virtual world where people can do things that reflect the real world. For example, people can walk into different stores and purchase whatever items they desire, as long as they have enough money to afford them. Due to the rising popularity of the metaverse, there have been an increasing number of companies within the fashion industry who have decided to enter the virtual reality space.
Companies Entering the Metaverse
Nike was one of the first companies to enter the digital fashion market, and to help them do so, they acquired a company called RTFKT Studios. RTFKT Studios is a company that specializes in producing products that will be sold in the virtual reality market. Nike is taking this opportunity to get a head start on its competitors by testing the market and determining what types of designs are the most popular amongst metaverse users.
Luxury brand Louis Vuitton is another company that has decided to join the metaverse. During their 200th anniversary, the fashion house announced they dropped a mobile video game called “Louis the Game,” in collaboration with digital artist Beeple. The purpose of this game is to follow the journey of the person behind Louis Vuitton, Vivienne, and collect 30 non-fungible tokens (NFTs) along the way.
Image Credit: MONOPOLY919 / Shutterstock.com
These NFTs, when achieved through playing the game, will be stored in a digital wallet and will be available for use at the end of the year.
Recommended Read: How to Mint an NFT
Earlier this year, Gucci announced that they will be accepting cryptocurrency to be used as a form of payment. Although this implementation was minor as it was tested in five stores, Gucci seems to be embracing the crypto space as they are also entering the metaverse.
Gucci announced that they will be teaming up with Roblox to allow users of the platform to receive access to limited edition clothing that they can purchase. Also, Gucci has created and launched NFTs, which have designs unique to their brand.
Similar to Gucci, Ralph Lauren partnered with Roblox to allow its users to purchase their clothing as a test run to see how well releasing digital clothing could pay off in the metaverse. Ralph Lauren has not yet released NFTs yet, but their CEO, Patrice Louvet, mentioned that they are in the process of learning more about the digital world.
The Money Wrap-Up
More companies have begun entering the metaverse, such as the ones mentioned above as well as some others. Although there is a lot of hype surrounding the metaverse as it could become the new norm moving forward, some companies do not want to enter the virtual reality market, at least for the time being. Therefore, it will be interesting to see if companies currently not in the metaverse will join if the virtual platform continues to rise in popularity.
Main Image Credit: Gorodenkoff / Shutterstock.com


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My drinking habits have finally been vindicated! Coffee in the morning (it used to be all day, until I began to experience ‘wakefulness’ at night), and tea in the evening. My favorite blend is decaf Earl Grey and Chamomile with vanilla.
I just finished reading an article about the health benefits of both coffee and chamomile tea. Yea!
When my Mama was just in the early stages of dementia, we used to have coffee in the afternoon as a treat. It became a regular habitl we would sip our coffee and sing songs. I always snuck some chocolate syrup in Daddy’s coffee because he needed to gain some weight and I added a bit of sugar-free creamer to Mama’s coffee since she didn’t.
I rejoiced to read the article, but thought that a bit of Googling might be in order to see if there were any other studies available that would confirm what I had just read. It turns out that there is quite a bit of information regarding these beverages.
More welcome news is that the coffee benefits come from both caffeinated and decaffeinated coffee.
NPR reported on a study, published in the journal Circulation,
“The findings, published in the journal Circulation, build on a body of evidence linking a coffee habit to potential health benefits. As we’ve reported, previous research has pointed to a decreased risk of stroke. And, there’s some evidence that a coffee habit cuts the risk of Type 2 diabetes, too.”
As for Chamomile tea, a study published in The Gerontologist finds that drinking the tea can help older women live longer.
Another Chamomile tea study in ScienceDaily reports that New Evidence Supports Health Benefits
It states that drinking chamomile tea is associated with increased antibacterial activity. This could help explain why the tea appears to boost the immune system and fight infections associated with colds, according to the researchers.
It summarizes the study by stating:
“For centuries, people who’ve felt sick or stressed have tried drinking chamomile tea as a medicinal cure-all. Now, researchers in England have found new evidence that the popular herbal tea may actually help relieve a wide range of health ailments, including colds and menstrual cramps.”
This is supported by yet another study by WebMd that says:
“German chamomile is used and studied the most. A German governmental organization (Commission E) has approved its use on the skin to reduce swelling and fight bacteria and as a tea or dietary supplement for stomach cramps. “
So, the bottom line here is: If you, or those in your care enjoy a nice cup of coffee or tea, it’s fine to include it as part of your daily habit. And, as the studies suggest, it can be part of a healthy lifestyle.


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US meta search engine SideStep has claimed its launch in the UK will help consumers simplify their online experience by sifting through the myriad travel websites in one search.
The company has designed a UK version of the site containing content based on its current US partnerships. It has deals with more than 100 companies including online agencies, low-cost carriers, scheduled airlines, hotel groups and car-rental firms.
The launch of SideStep in the UK comes as a survey commissioned by the search engine claimed Brits spend an average of 25 hours online researching each holiday, with four out of five now using the Internet to research or make a booking.
The survey, which quizzed 1,500 UK holidaymakers, also claimed searching for holidays in the workplace is costing British business £2.5 billion a year.
SideStep executive Russ Lemelin said they were “astonished” at the time and money wasted on web searching.
“Our research shows the average Brit checks six sites before booking a holiday,” he said, adding SideStep can cut out individual searches by scanning multiple sites simultaneously.
However, opinion is divided on meta search engines, with some observers believing they could take market share from traditional search engines and others insisting their impact will be minimal.
“The public realise they only search websites where there are commercial deals in place and therefore only offer limited choice,” said one.
Lemelin said the UK was the first logical market to gain a foothold before an international roll-out.
He said figures from market analysts PhoCusWright show the UK will represent 35% of the £28 billion European online travel market in 2006.


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Barentz announces new partnership with Trans GlobeBarentz announces new partnership with Trans Globe
Trans Globe to be exclusive distributor in the Middle East.
October 24, 2023
Barentz, a leading distributor of life science ingredients and specialty chemical solutions, recently announced that Trans Globe will be its exclusive distributor in the Middle East for the Animal Nutrition division within Barentz. The exciting new partnership is key in supporting the growth of its Animal Nutrition division, the company said.
Trans Globe, established in Atlanta, Georgia, is supported by a long history in international agribusiness development and trading. In its early stages, Trans Globe began as a global originator and exporter of agribusiness commodities and forestry product, progressing on to gradually expand into processing, packaging, and trading of both dry and frozen food items. Trans Globe’s global agribusiness origination, supply chain, and customer service abilities allow them to be an international leader with more than 25 years of experience.
The new partnership will allow Trans Globe to be the exclusive distributor of MegAnion (a anionic supplement for transitioning dry cows) and K-Carb Plus (a potassium supplement with the best handling for lactating dairy cows) for Barentz AN in Saudi Arabia, United Arab Emirates, Oman, Qatar, Kuwait, Lebanon, Jordan, Iraq and Egypt.
“We are excited to partner with Trans Globe in the Middle East as both companies have an entrepreneurial spirit and desire to support and provide excellent service to our dairy customers globally. We look forward to growing together in this region,” said Dari Brown, PhD, director of sales and technical services in Animal Nutrition at Barentz.
Barentz sources branded specialty ingredients from leading manufacturers worldwide and its ingredient experts provide value-added technical support which includes pre-mixing, blending, ingredient formulation, and ingredient testing from its state-of-the-art, customized formulation centers and application laboratories in EMEA, Americas, and Asia-Pacific.
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Avon Motorcycle Tyres North America (Avon Tyres) is proud to announce the launch of a new company Facebook page featuring all the latest company, product, racing and event news with tons of photos, video, fan postings, industry news, bike builder updates and fun facts. The new Facebook page can be found at www.facebook.com/AvonMoto.
“We’ve created our company Facebook page to be a great resource for employees, dealers, distributors and friends, as well as competitive bike builders, racing and event fans and the media,” said Sukoshi Fahey, Sales & Marketing Manager, Avon Tyres. “We want it to be a place that’s fun and informative. It’s a place where people can get all the breaking company, product and event news along with exciting photos and video. We hope everyone will ‘Like’ it!”


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Mini lost ground again in the US last month as interruptions in production at BMW's Oxford plant translate into falling sales.
The former Rover factory at Cowley is undergoing a £100 million upgrade ahead of the launch of the second generation version of the iconic car, which BMW revived in 2001.
Sales of Mini have beaten all expectations and the factory revamp - which includes a second bodyshell shop and an improved paint shop - will help raise production volumes to more than 200,000, double the projected level.
But sales began to dip at the start of the year after the plant underwent a longer than usual shutdown over Christmas and new year.
And BMW group chairman Helmut Panke said at the Geneva Motor Show this week that building work will interrupt production again in the summer.
Mini sales fell by 14 per cent to 2,690 in the US in February and were seven per cent over the first two months of the year at 5,634.
Meanwhile at Land Rover, which is enjoying the biggest global sales boom in its history, hopes are rising that a plan to make 1,300 workers redundant because of the transfer of Freelander production to Halewood may now be scaled back.
Land Rover sales in the US have risen by 31 per cent so far this year and the company, part of Ford's Premier Automotive Group, is talking to unions about increasing production at Lode Lane to 116,000 units this year from 106,000 in 2005.
"Clearly, if it reached the point that demand meant production had to be stepped up, we would look at the (redundancy) figures again," a Land Rover spokesman said.
The latest US car sales figures showed that Detroit giants General Motors and Ford lost more ground in their home market to Japanese rivals Toyota and Honda in February.
However, Toyota's American sales rose only by 2.4 per cent - well short of the ten per cent gain analysts were expecting. The gain was only about a quarter of the average increase it has posted over the past six months.
Toyota, already the world's most profitable automotive group, is seem-ingly on course to depose GM as the global leader in terms of sales, although senior executives deny that that is the company's ambition.
Argus Research analyst Kevin Tynan said: "I wouldn't read too much into one month of data for any automaker. What I'm looking for more is the trend. And Toyota shows the continuation of a positive trend, albeit at a slower pace."
GM's overall US sales dropped by 2.5 per cent in February and Ford's US sales, excluding its imported brands such as Jaguar, Land Rover and Volvo, were three per cent off. But sales for Chrysler were three per cent ahead.


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Argosy Investors recently released its Q4 2020 Investor Letter, a copy of which you can download here. Full-year 2020 performance was 29.8% in select accounts. The S&P 500 by comparison returned 18.4%. You should check out Argosy Investors’ top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q4 2020 Investor Letter, Argosy Investors’ highlighted a few stocks and JD.Com Inc (NASDAQ:JD) is one of them. JD.Com Inc (NASDAQ:JD) is an e-ommerce company. In the last three months, JD.Com Inc (NASDAQ:JD) stock gained 7.7% and on January 15th it had a closing price of $87.77. Here is what Argosy Investors’ said:
“JD.com (JD) is worth spending some time on because it is doing some very interesting things and there are some risks worth mentioning. As a refresher, JD.com is a leading Chinese eCommerce retailer that competes with Alibaba, Pinduoduo, and others. Most large tech-oriented businesses globally operate as conglomerates. Think about Google. They own YouTube, Waze, Google Cloud, and Waymo Self-Driving, just to name a few. Amazon owns its first-party retail division, its third-party marketplace, Amazon Video, Kindle, Audible, Amazon Web Services, and Alexa, to name a few. Alibaba has Taobao, TMall, Alibaba Cloud, Alipay, Ant Financial, and more.
JD.com has been making conscious decisions to break its business up into its component parts, which in our opinion helps surface the value of each business. JD’s enterprise value is about USD $120 billion today. JD spun off its JD Health business worth USD $28 billion (like Teladoc in the US), may spin off its JD Cloud business (similar to AWS in the US), has sold shares in its JD Logistics business and is shooting for a valuation of USD$40 billion in 2021 via an IPO, and JD Digits which provides supply chain and consumer loans was expected to be valued at nearly USD $30 billion before Ant Financial was prevented by the Chinese government from completing its IPO. The combined values of these business segments within JD is about $98 billion, leaving $22 billion for JD’s core retail business (and its cloud business) which is on track for over USD $100 billion in sales this year and growing over 20% per year. Assuming a 5% long-term margin for JD Retail, that segment is generating USD $5 billion of operating profit (EBIT). Given their strong market position, investors could value JD’s retail business alone at 20x EBIT, valuing JD retail at $100 billion. By comparison, Amazon was valued at over $175 billion during the year in which it earned USD $100 billion in revenue, so we continue to believe JD is being undervalued, despite a more competitive environment with Alibaba in China than Amazon faces in the US.
There is a lot to be excited about for JD. If JD.com operated in a different country, we would be unquestionably excited about JD’s prospects. However, due to being based in China, given some other anti-business moves by Chinese officials, and given retaliatory US actions in the capital markets, we have concerns about how our investment will be treated over the long term. In the most extreme scenario, which we think is very unlikely, we could lose the entire value of our investment. This concern may be what is preventing these companies from being fully valued in the US marketplace. The NYSE has given some insight into the likely path if JD.com were forced to delist from US exchanges because they have pursued a path of delisting Chinese telecom providers from US exchanges in the last few weeks. The plan involves giving investors until November to sell down their stakes in those companies. We plan to follow this developing regulator environment closely, and despite our optimism about JD, we may sell shares of JD to protect your capital from permanent loss, as remote an outcome as that may be at present.”
In December 2020, we published an article revealing that JD.Com Inc (NASDAQ:JD) was one of the 10 best Chinese stocks to buy now.
In Q3 2020, the number of bullish hedge fund positions on JD.Com Inc (NASDAQ:JD) stock decreased by about 2% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t believe in JD’s growth potential. Our calculations showed that JD.Com Inc (NASDAQ:JD) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:
Disclosure: None. This article is originally published at Insider Monkey.


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For years demographers have been talking about the exponential growth of the Hispanic population in the United States, but new estimates released last month by the Census Bureau point to a truly extraordinary fact: By the year 2050, almost one in three U.S. residents will be Hispanic.
This is coupled with news that by 2042, about eight years earlier than previously thought, whites will lose their majority status in the U.S. These remarkable facts have huge implications for education, politics and business in America.
According to the Wall Street Journal, “as whites retire they will increasingly see the jobs they left go to minorities – in particular Hispanics – now making their way through the school system.” And while immigration continues to be a factor in the rapid growth of Hispanics, “for the past several years most of the growth has come from births.”
How will your business change as a result? Well, some industries will probably experience dramatic change while others will sense a lesser but still visible impact. For instance, the food industry is one of those that is and will continue changing in fundamental ways. Everyone knows about the proliferation of Mexican food dining outlets and products at grocery stores, but be prepared to see an influx of eateries and products from Central and South America as well. Keep in mind that only two-thirds of U.S. Hispanics are of Mexican origin; the rest represent an important contingent form Central America and the Caribbean, as well as growing numbers from South American countries like Colombia, Venezuela and Peru where food tastes differ quite a bit.
Clothing and furniture are other areas that will be affected in a major way. The body shape of Latinas is different from that of Anglo women, so size variety and style will have to change. Hispanics also prefer brighter colors for their apparel and home décor, so manufacturers and retailers will have to accommodate this shift.
And how are you going to transport all those Latino kids back and forth with ballooning gas prices? Since gas-guzzling SUVs will likely continue experiencing a decline, perhaps the opportunity for automakers could be in developing large family sedans that deliver a 30-mpg fuel economy or a new range of electric or alternative fuel family vehicles.
The America of the mid-twenty first century will likely look, taste and feel quite different from today. Those companies that start preparing now for the coming changes will be in a better position to reap the benefits of these new opportunities.
Javier Corona is the director of Hispanic marketing for HEILBrice VISIÓNLatina, a leading Hispanic marketing and advertising agency that recently won a prestigious Silver Level Effie Award for Marketing Effectiveness from the American Marketing Association for its Hispanic Beef Marketing Toolkit developed for The Beef Checkoff.


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It’s easy to forget how amazing Resident Evil 2 was when it first released for the PlayStation in 1998. Capcom did a great job reminding us when the new Resident Evil 2 was showcased at E3 2018. Though dubbed a “remake” even up to the reveal, the developer has stated that it’s more of a reimagining in many ways.
Whatever the case may be, even with the new over-the-should perspective, the influence of Resident Evil 7: Biohazard can’t be discounted. Released in 2017, the first person horror title brought the series back to its survival horror roots and showcased exactly what the RE Engine was capable of. But does that mean virtual-reality support will be in Resident Evil 2, just like it was with Resident Evil 7?
Speaking to Daily Star, producer Tsuyoshi Kanda stated, “We’re not thinking about VR support currently, given that the camera perspective and the over-the-shoulder choice would mean that VR is not the best way to present the game. VR doesn’t match the vision for us.”
What about the rat’s eye view that we saw in the E3 trailer? Producer Yoshiaki Hirabayashi answered “Thinking about it, maybe giving you the rat’s eye view in the trailer might have given people the wrong idea! But if you think there is Rat VR coming… that’s not the case.”
Regardless, Resident Evil 2 should still be a compelling horror game when it releases on January 25th, 2019 for Xbox One, PS4 and PC. Along with numerous changes, it will also sport an “enhanced narrative” compared to the original, according to Capcom.


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NEW DELHI: IRKED by the amount of loss incurred due to the chaotic traffic situation aggravated by the lack of parking spaces in Delhi's well-known commercial area, Karol Bagh, the Karol Bagh Traders' Association has written to the municipal corporation suggesting three sites where parking lots can be built.
"However, we have not received any response from them yet," Neeraj Gupta, president of Karol Bagh Traders' Association, said. The three sites identified by the association are municipal line market, abandoned MCD schools and other adjoining areas.
According to the proposal there is enough space to create parking lot for around 2,500 vehicles. "The lease for the market place in municipal line has expired and the order for its demolition has come. So that can be one of the best suited locations for building parking areas," Gupta added.Talking about the loss that the traders have to bear due to traffic snarls, Gupta said, "It is very difficult to assess the loss in figures. However, the corporation has collected Rs. 9,000 crore from the traders in the form of convenience and parking charges. "
"The whole market bears the loss of upto 60 percent just due to the parking issue. The lack of space to park their cars, keeps many of our regular customers away from the market," Shoan Lal Jain, president, Tip-Top Market Association said, which is a wholesale market, in Karol Bagh, for decorative items and crockery. Earlier this month, the North Delhi Municipal Corporation announced that they would build three commercial complexes with multi level underground parking spaces in three different sites in Karol Bagh.
The corporations' plan to build commercial complexes with parking space claims to have enough space for around 2,000 cars, according to Ravinder Gupta, chairman for works committee, North Delhi Municipal Corporation."Our purpose is to create facility for the public. This will help the shoppers as well as the businessmen and shopkeepers in the area. We are trying to make something similar to the Kamla Nagar market project in Karol Bagh also," Gupta said. For traders and shopkeepers of the area dedicated parking lots for the existing markets make sense rather than new malls. According to Gupta the area needs market specific parking. "What we need is market specific parking sites," he concluded.